Conglomerates
Comcast spent $3.5 million lobbying in 4th quarter (AP)
Cable operator Comcast Corp. spent $3.5 million in the fourth quarter lobbying Congress on its pending acquisition of a controlling stake in NBC Universal and other issues, according to a disclosure report. Read
[video] Upside Call (at CNBC)
Palm puts active ahead of earnings, a bullish options strategy on GE and Mike's July 15/17 risk reversal is making life heaven for options traders, with CNBC's Melissa Lee and the Options Action traders. Read
Gencorp restructures debt (at bizjournals.com)
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GenCorp amends $280 million line of credit (AP)
GenCorp Inc. said Friday it amended a $280 million line of credit in a move that the aerospace and defense products maker said gives it greater financial flexibility. Read
Computer Sciences gets 5-year pact extension (AP)
Computer Sciences Corp. received a five-year extension on an outsourcing contract with United Technologies Corp., adding more than $1.5 billion to the deal. Read
GenCorp Announces Senior Credit Facility Amendment and Repurchase of Debt (PR Newswire)
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Pratt & Whitney F135 Propulsion System Powers Historic First Vertical Landing of F-35 Lightning II (PR Newswire)
Pratt & Whitney's F135 propulsion system, using the Rolls-Royce LiftFan® and lift system successfully powered the Lockheed Martin F-35B Lightning II short takeoff/vertical landing through its first vertical landing. Read
GE Capital is Co-Lender for $105 Million Credit Facility to Timberland Owner and Operator JWTR (Business Wire)
NORWALK, Conn.----GE Capital, Corporate Finance today announced it is sole lender for a $50 million asset-backed credit facility, which is part of an overall $105 million facility provided to JWTR, a timberland owner and operator. Read
Stocks end mixed after price, jobs reports (AP)
Major stock indexes ended mixed Thursday on more evidence that the economy is regaining strength at a slow pace. The Dow Jones industrial average rose for an eighth straight day, its longest unbroken climb since August. Read
[$$] Rob's Wrap: Four Dow Shorts (at RealMoney by TheStreet.com)
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General Electric invests in thin-film solar tech (AP)
General Electric Co. on Thursday said it will focus on low-cost thin film photovoltaic technology as part of its efforts to develop a cheaper, more efficient solar module to compete in the growing alternative energy market. Read
Blue Cross Minnesota names new CFO (at bizjournals.com)
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GE Hitachi Nuclear Energy Taps New Global Government Relations Leader (Business Wire)
WILMINGTON, N.C.----GE Hitachi Nuclear Energy recently appointed Ruth Ravitz Smith as its senior vice president of global government relations. Read
General Electric to Take on First Solar (at Seeking Alpha)
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GE Unfazed By Analyst Reversal (at TheStreet.com)
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Russomanno to retire as Imation CEO, Lucas promoted to top spot (at bizjournals.com)
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GE Uses GPGPU Technology To Deliver Supercomputer-Like Capabilities In Small, Rugged, High Density Embedded Systems (Business Wire)
CHARLOTTESVILLE, Va.----GE Intelligent Platforms today extended its family of rugged GPGPU solutions with the announcement of the 6U OpenVPX NPN240 multi-processor. The NPN240 features two NVIDIA® CUDA-capable GT240 96-core GPUs, enabling it to deliver up to 750 GFLOPS peak per card slot . Read
GE Sees Bright Future for Thin Film Solar Technology (Business Wire)
NISKAYUNA, N.Y.----With the race on in earnest to have the most efficient, low-cost solar module on the market, GE announced it is focusing its research and development efforts on thin film photovoltaic technology in conjunction with PrimeStar Solar Inc., the startup firm in which GE is a majority investor. Read
Reagan 'GE Theater' tapes restored, go to library (AP)
All 208 episodes of television's "General Electric Theater," hosted by then-actor Ronald Reagan, were delivered to former first lady Nancy Reagan on Wednesday as part of the two-year celebration of the late president's 100th birthday. Read
GE Capital Provides $31.5 Million to Harden Healthcare, LLC (Business Wire)
BETHESDA, Md.----GE Capital, Healthcare Financial Services has provided $31.5 million as part of a $145 million senior secured credit facility for Harden Healthcare, LLC. Harden will use the proceeds of the financing to provide additional growth capital and to refinance its existing debt facilities. Read
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